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it obscures the fact of how wealthy the unions are. from the city journal article, in the last decade, the teachers unions spent more on politics in the last decade than the oil industry and the pharmaceutical industry and the tobacco industry combined. >> greta: don't they worry with the bad situation economically in california, and they're in a really tough situation, don't you think they worry that in 2011 they were 5400 who have pensions of over $100,000, if you look at the numbers and everything else that's going on in the state, i mean, it is in such deep trouble, wouldn't you think they would be terrified that they're running people out of the state and losing any tax base? of course, they did just recently vote to raise taxes. >> look at what happened in wisconsin. it's not as if public sector unions said oh, gosh, we should just take these reforms and not roprotest. it was a fight to the death in wisconsin. >> greta: even that was a push. a negotiated settlement where it works with both sides is the best way to do it. >> that'
it obscures the fact of how wealthy the unions are. from the city journal article, in the last decade, the teachers unions spent more on politics in the last decade than the oil industry and the pharmaceutical industry and the tobacco industry combined. >> greta: don't they worry with the bad situation economically in california, and they're in a really tough situation, don't you think they worry that in 2011 they were 5400 who have pensions of over $100,000, if you look at the numbers...
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big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favorf tax hikes over spendingut that is a best case scenario right now. >> well, the -- i remember ron aronald reaga in1985, he said they promised me $3 in spending cuts for every one i spending cuts, they gav him opposite he felt he had been taken to the cleaners in the bill, in 1982, that was on his mind for the rest of his presidency, and republicans are headed into the same trap. nei: i think, there are a lot of people who don't like tax hikes, but president campaigned to hiking taxes on the weahy, as mh as i'm against it, it is going to happen. but if that a consequence, it is not, other consequence should not be you republicans losing your backbone and resolve on issues near toou, bu they are folding onheapuits on ooe issue after another, whatives? >> i think they realize, they have a gun to tir head, they are told by the preside, either y will give me an increase in tax rates, repeals bush tax cuts from 39 to 45%, and if yo
big unions say the same, pat buchanan said it is hard to cut a deal, hen no one is cutting budget or slowing growth. that is reality. ratio now. 3 to 1 in favorf tax hikes over spendingut that is a best case scenario right now. >> well, the -- i remember ron aronald reaga in1985, he said they promised me $3 in spending cuts for every one i spending cuts, they gav him opposite he felt he had been taken to the cleaners in the bill, in 1982, that was on his mind for the rest of his...
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right to work does not ban unions. it makes them stronger because now the union has to be accountable to their members and cannot take them for granted. gerri: i am sure many union members agree with you. we need some control and level playing field for workers. thank you for coming on. if you get some kind of movement on that night, please let us know. we would love to report it. thank you for coming on and showing us these numbers. it's just amazing. thank you. joining me now, is jerry brown. welcome to the show. it is great to have you. we played this very controversial soundbite from this woman who said it should be quid pro quo for detroit. do you agree? >> no, i do not agree. i can look out my window and see general motors and see what happened with the bankruptcy when the federal government got involved. the cfo lost their jobs from the board of directors lost their jobs, and there are restrictions to the money coming in. so the federal government. the city of detroit knows what the problems are. the question is
right to work does not ban unions. it makes them stronger because now the union has to be accountable to their members and cannot take them for granted. gerri: i am sure many union members agree with you. we need some control and level playing field for workers. thank you for coming on. if you get some kind of movement on that night, please let us know. we would love to report it. thank you for coming on and showing us these numbers. it's just amazing. thank you. joining me now, is jerry brown....
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stuart: new video from the teachers union may further that argument. we will show it to you when our voice of reason in california mike reagan joins us atat0:45. >>> i do not give specific investment advice. it's not what we do on varney & company, and besides i'm the guy who invested in microsoft. you wouldn't want a stock tip from me now, would you? having said that, here is my take on real estate. i still think a single family home in a solid neighborhood is a good investment. think about it, taxes on dividends, interest and capital gains, almost certainly going up, so get a dividend payment and a tax bite goes up. sell a stock, sell a bond, and the tax goes up. but a house? no dividend, no interest, and if there is a capital gain, it's long-term, and you choose when to pay the tax. plus, home prices remain low, and the cost of borrowing for that mortgage is the lowest on record. so you can buy cheap and let your profit accumulate, tax-free, and you have a few write-offs when the tax bill does come due. i don't know what's going to happen to stocks
stuart: new video from the teachers union may further that argument. we will show it to you when our voice of reason in california mike reagan joins us atat0:45. >>> i do not give specific investment advice. it's not what we do on varney & company, and besides i'm the guy who invested in microsoft. you wouldn't want a stock tip from me now, would you? having said that, here is my take on real estate. i still think a single family home in a solid neighborhood is a good investment....
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david: the unions have already dumped on that the union seas that is unacceptable. >> well, they have dumped on it but we passed it on a 14-0 vote. for new employees that is going to be the new paradigm. david: okay. >> you're right, there is opposition to that. they like putting pictures of me and governor walker but at the end of the day we've got to protect pension security for our current employees. put a plan together and we have for new employees. i would have liked to have seen us go even further but i'll tell you, it was a giant step forward when you look where we were. liz: well, mayor, thank you very much. we're glad the strike is over and the only good thing about the nhl lockout is that the l.a. kings can hold onto the stanley cup an extra couple months. david: you have a much cleaner dodgers stadium as well too with the new ownership, right, quickly? >> we have a great dodger ownership. i couldn't be more excited about next year. the same with the lakers. you saw what the galaxy did and the kings. liz: clippers. clippers. david: good sports town. >> clippers, of course. l
david: the unions have already dumped on that the union seas that is unacceptable. >> well, they have dumped on it but we passed it on a 14-0 vote. for new employees that is going to be the new paradigm. david: okay. >> you're right, there is opposition to that. they like putting pictures of me and governor walker but at the end of the day we've got to protect pension security for our current employees. put a plan together and we have for new employees. i would have liked to have...
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vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bbc world news america. reporting from washington, i'm kathy kaye. supporters and opponents in egypt of president morsi fight outside the palace in cairo. villages are flattened and hundreds are killed. and remembering the legendary jazzd of dave brubeck, pianist whose impact went far beyond the world of music. welcome to our viewers on public television in america and elsewhere around the globe. in egypt tonight, pitched battles on the streets of cairo and -- between supporters and opponents of the president there. there have been violent clashes for the second day outside the presidential power us -- palace in cairo. demonstrators have been during petrol bombs. four senior advisers have resigned. what are the c
vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bbc world news america. reporting from washington, i'm kathy kaye. supporters and...
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the teaching union is the heart of the democratic party. this is, in particular, is a teacher union in which poor black and hispanic kids in los angeles and ok land and san francisco school systems are being denied a good education by this very union. they will go on strike if you try to connect performance with reward. half the children in the schools, poor black and hispanics whose parents can not afford to put them in private schools which is what everyone else is doing, half of them drop out before they graduate. what of the ones who graduate are functionally illiterate. they will never get a decent job. >>eric: david, let's stay on the video. the teachers union puts this together and in the video they talk about the amount, the bailout, specifically, that money was spent to rich people bailed out rich bankers and the rich stock market. hopefully we have a full screen of this. look at money that came from that stimulus package that they reference in the video, the department of education, $53 billion. >>guest: it is going into the pocke
the teaching union is the heart of the democratic party. this is, in particular, is a teacher union in which poor black and hispanic kids in los angeles and ok land and san francisco school systems are being denied a good education by this very union. they will go on strike if you try to connect performance with reward. half the children in the schools, poor black and hispanics whose parents can not afford to put them in private schools which is what everyone else is doing, half of them drop...
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we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> in speaking to a business round table in washington this morning, the president praised on entrepreneurs for their innovation and their record corporate profits. but he also took the opportunity to explain why raises taxes on the wealthiest of americans is unlikely to prove particularly damaging. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles or the economy in any significant way. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good aft
we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. >>> in speaking to a business...
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out of the european union i think the e.u. is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. he says make a shift in the geography of the middle east is now on the horizon what they're discussing next on the future of an independent kurdish state. fifty feet it's. easy to. see. wealthy british style scientists are not on the tireless. market why not. find
out of the european union i think the e.u. is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do...
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union was determined to maintain at all costs. half way between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. it is essentially a picture of what would have happened to the soviet union if it was cut off from any financial support for two decades it's a curious site for western tourists and i think it could be even more appealing for russian travellers the local administration is increasingly under pressure to bring the infrastructure up to more than standards these modernization efforts are not very popular with tourists if you come into a very authentic place like. it should stay the way it is that would be my wish i mean that's the part of the let you know authentic tradition here. i should not i would not like to have it in a shiny condition to be honest this time to change even for the better is not alw
union was determined to maintain at all costs. half way between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. it is essentially a picture of what would have happened to the soviet union if it was cut off from any financial support for two decades it's a curious site for...
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bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bbc world news america. reporting from washington, i'm kathy kaye. supporters and opponents in egypt of president morsi fight outside the palace in cairo. villages are flattened and hundreds are killed. and remembering the legendary sound of dave brubeck, a jazz pianist whose impact went far beyond the world of music. welcome to our viewers on public television in america and elsewhere around the globe. in egypt tonight, pitched battles on the streets of cairo and -- between supporters and opponents of the president there. there have been violent clashes for the second day outside the presidential power us -- palace in cairo. demonstrators have been during petrol bombs. four senior advisers have resigned. what are the chances for a peaceful resolution? that is the q
bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is bbc world news america. reporting from washington, i'm kathy kaye. supporters and opponents in egypt of president morsi fight outside the palace...
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out of the european union they think the e.u. is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own affairs the economic evidence is really pointing towards if it were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to wat
out of the european union they think the e.u. is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what...
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out of the european union i think the u. is a massive burden both in terms of tax amount of money we have to pay to you each year and of course it's regulatory burden the trade links will always continue will always be buying german cars all french wine french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will see so we can drastically reduce that we don't really need to be run by brussels and needs to should be a country what to do we are big enough to manage our own affairs. some other international news in brief time finbar power which is currently bettering the philippines as claimed more than two hundred eighty lives tens of thousands fled their homes as the storm rolled across southern and central areas cutting off power to entire provinces cities are working in the worst hit areas but it's feared the number of casualties will rise the storm is expected
out of the european union i think the u. is a massive burden both in terms of tax amount of money we have to pay to you each year and of course it's regulatory burden the trade links will always continue will always be buying german cars all french wine french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will see so we can...
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. >> gretchen: why did you resign from the union? >> i left the union because i saw no purpose in belonging to it and i was broke, i was a teacher and i needed money. >> steve: and you live in florida, you don't have to belong to the union. >> exactly. >> steve: what do you make of the proposal by the american federation of teachers. they will have a high standard like a bar exam for teachers because it is hard to be a lawyer and hard to become a teacher, right? >> right. [laughing] i don't buy it. every state already has in place certification tests that people take. i believe that their intention to make the standards more rigorous. i fully support and i think you node the best of the best teaching the students. but at the same time. you continue to demand higher and higher quality and somebody has to pay for it. >> gretchen: don't you think it could be the teacher unions have come under fire because of the documentaries like waiting for super man and other movies that came out and said it is because of the unions potentially that
. >> gretchen: why did you resign from the union? >> i left the union because i saw no purpose in belonging to it and i was broke, i was a teacher and i needed money. >> steve: and you live in florida, you don't have to belong to the union. >> exactly. >> steve: what do you make of the proposal by the american federation of teachers. they will have a high standard like a bar exam for teachers because it is hard to be a lawyer and hard to become a teacher, right?...
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ashley: a new report finds the most core are up country in the european union is, guess, take a guess. it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia top the list. on the other side of the spectrum, countries with least perceived corruption, denmark, fin left-hand and new zealand. where does the u.s. rank? 19th. tracy: nobody lives in those countries. ashley: what they do is very simple and very clean. tracy: very blond. ashley: very blond. definitely in denmark and finland, that's for sure. tracy: the dark skin, the dark eyes. we're all evil at heart. ashley: that is the quote of the day. thanks, tracy. i didn't say that. tracy: all right. quarter after. come on. right? think about it. as we do every 15 minutes we check on the markets, nico
ashley: a new report finds the most core are up country in the european union is, guess, take a guess. it is a greece. tracy: i was going to say italy. i really was. ashley: they're not far behind. annual corruption index says all the countries embroiled in financial crisis top the list in europe, spain, portugal, yes, operationsy, italy. it measures the perception of the corruption in the public sector. as the most corrupt nations in the world. here we go. afghanistan, north korea, and somalia...
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megyn: that was part of a nearly eight minute video from the california teachers union. suggesting that the rich point a finger at everyone else when they are to blame for all the problems. but it is another part of the video that has some questioning, even labeling it as vile and vicious. trace gallagher has more from our west coast newsroom. reporter: the video begins with once upon a time and ends with happily ever after. in between, about seven minutes and 35 seconds, attacking the rich, calling them greedy money loving wires that elected all the politicians and do not pay their fair share of taxes. in fact, the only reason they are rich, says the video, is because of tax cuts and loopholes and tax evasions. the theme is that the rich are bad. they are the villains. at one point, the rich actually urinate on the poor. at one point, that is what happens. but then we go on, the video put out by the california's teacher association, he is the one that will waste the eight minute video. it claims that the rich are so used to being rich that when the government set up a s
megyn: that was part of a nearly eight minute video from the california teachers union. suggesting that the rich point a finger at everyone else when they are to blame for all the problems. but it is another part of the video that has some questioning, even labeling it as vile and vicious. trace gallagher has more from our west coast newsroom. reporter: the video begins with once upon a time and ends with happily ever after. in between, about seven minutes and 35 seconds, attacking the rich,...
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one said no he is leaving the union. and super model stopping by. you know the jeopardy winner? he has written about book. stay away from the christmas poinsettia the leaves are poisonous. is that true? you have to stick around. it's not. fox and friends kikts ocks off minutes from now. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do >> 11 minutes until the top of the hour. the federal government slapped with another lawsuit. a california oyster farmer is asking them to allow the 40 year leak to expire. as a result he and 30 of the employees will lose their job. the land will be designated a marine wilderness area. if you have been on a diet and thought the forbidden piece of chocolate you snuck tastes so good guilt food taste better than they otherwise who you are on a diet. >>> have you ever tr
one said no he is leaving the union. and super model stopping by. you know the jeopardy winner? he has written about book. stay away from the christmas poinsettia the leaves are poisonous. is that true? you have to stick around. it's not. fox and friends kikts ocks off minutes from now. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by...
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an employee at the credit union found damage to the cash machine there this morning. police say surveillance video shows somebody planted an explosive at about 4:00 this morning. but it wasn't enough to break open the atm. >>> there is a renewed push in virginia tonight to change the laws when it comes to texting and driving. police need another reason to pull you over. texting while driving is a secondary offense. adam tuss explains how one local county is getting around the rules to hand out more tickets and stop the dangerous and growing problem. >> reporter: you don't have to be out on the roads long to see it. drivers texting. some even cruising down the interstate at high speeds. we saw this driver rolling along at 60 miles per hour today. he just kept rolling, and rolling, and about 20 seconds later put down the phone. here in fairfax county, police have been using a law called failure to pay full-time attention to pull over drivers who are texting, or are distracted behind the wheel. >> not a day goes by that people don't notice other drivers texting while dri
an employee at the credit union found damage to the cash machine there this morning. police say surveillance video shows somebody planted an explosive at about 4:00 this morning. but it wasn't enough to break open the atm. >>> there is a renewed push in virginia tonight to change the laws when it comes to texting and driving. police need another reason to pull you over. texting while driving is a secondary offense. adam tuss explains how one local county is getting around the rules to...
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. >> the deal won't be final until union members actually vote on it. >>> and 11,000 jobs are vanishing at citigroup. that's about 4% of the company's workforce. all these job cuts are part of this plan to cut costs at the financial giant, which nearly collapsed during the 2008 financial crisis. they are expected to save $900 million next year. and more than $1 billion a year after that. this is the first huge move by michael corbett who became citigroup's ceo when vikram pandit resigned. >>> we're getting word actually now that reza sayah, our correspondent in cairo, he called in, we're hearing masked men have set fire to an office headquarters in the muslim brotherhood. stand by for that. that's next. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relat
. >> the deal won't be final until union members actually vote on it. >>> and 11,000 jobs are vanishing at citigroup. that's about 4% of the company's workforce. all these job cuts are part of this plan to cut costs at the financial giant, which nearly collapsed during the 2008 financial crisis. they are expected to save $900 million next year. and more than $1 billion a year after that. this is the first huge move by michael corbett who became citigroup's ceo when vikram pandit...
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shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic reforms. chancellor osborne preparing to deliver his autumn statement. thousands of egyptians are still camp
shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for...
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. >>> and the european union has fined tv and computer monitor makers about $2 billion saying those companies fixed monitor tube prices for a decade which ended in 2006 talking about companies like philips, lg, and panasonic among the companies fined. philips, which was assessed the biggest chunk of the penalty says it will appeal the ruling. >>> and mortgage applications rose 4.5% last week according to new figures from the mortgage bankers association. most of the increase was accounted for by a rise in refinancing activity. >>> all right. the dollar hitting a six-week low on uncertainty about whether a budget deal would be reached. meantime, oil continues to trade below $90 a barrel. joining us this morning, chief market strategist at worldwide markets. also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot
. >>> and the european union has fined tv and computer monitor makers about $2 billion saying those companies fixed monitor tube prices for a decade which ended in 2006 talking about companies like philips, lg, and panasonic among the companies fined. philips, which was assessed the biggest chunk of the penalty says it will appeal the ruling. >>> and mortgage applications rose 4.5% last week according to new figures from the mortgage bankers association. most of the increase...